Annual Average of Past Export performance

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..... Dear Experts, I would like seek help for an EPCG issue as explained below: We have obtained an EPCG Authorization under Concessional Duty 3% in 2011 (Duty Saved value ₹ 20,22,699) and completed our Export Obligation for the Fixed EO (Rs.1,61,81,592) during the year 2016-2017 thru Third Party Exports as we had no direct export orders and had to opt for 3rd Party Exports. We have complie .....

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..... d with the conditions as per PARA 5.10(d) 2015-20 but we are not able to maintain the Annual Average of past export performance for the same (past 3 years export performance). The Annual Average of Export performance is ₹ 28,17,820 /- How do we regularize the same and what would be the duty towards the non fulfillment of AA Export performance ? - Reply By YAGAY ANDSUN - The Reply = .....

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..... You would be required to pay the compounding fees as mantioned in chapter 5 of the FTP read with HBP Vol. 1 - Reply By Kishan Barai - The Reply = Few points are needed to be taken into consideration based on your query 1. Annual Average Export Performance should take a performance of preceding 3 financial years. 2. For EPCG, exports should be with your IEC only or If merchant exporter&# .....

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..... 39;s IEC used for the transaction then in shipping bill your EPCG number supporting manufacturer should be mentioned. 3. For AA you need to do VA of 15% For EPCG x6 in 6 years #FOB. - Annual Average of Past Export performance - Query Started By: - Mohammed Idrees Dated:- 18-4-2018 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, r .....

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..... eply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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